Trulease vs Start in Wyoming: Which is Better?
TruLease and Start in Wyoming both provide entrepreneurs with a U.S. business address. This means business owners worldwide can reap the benefits of having a U.S business address without the need to be there in person.
But which office address is best for your business? We’ll compare them side by side so you can choose.
VPM Trulease vs Start in Wyoming’s Office Address
What sets both services apart from most virtual addresses is the ability to provide proof of address documents.
Banks, Amazon FBA, and payment processors all require high-quality addresses that can be verified as real business addresses, which is done through a lease agreement or a utility bill. Here’s what you get from each service provider.
| Start in Wyoming | TruLease | |
|---|---|---|
| Price (monthly) | $100 | $500 |
| Minumum Contract | 12 months | 12 months |
| Deposit | None | $1,000 for companies less than 1 year old |
| Unique Address | Yes | Yes |
| Lease Agreement | Yes | Yes |
| Internet Utility Bill in Your Business’s Name | $40 a month | $80-110 a month |
| CMRA Address | No | No |
| Mail Scanning | Yes, important mail | 150 mail scans |
| Mail Scanning Frequency | As it arrives (Mon-Fri) | Once a week |
| Locations | Wyoming | California, Delaware, Florida |
| 30-Day Money Back Guarantee | Yes | Yes |
What Can I Use the Address For?
| Start in Wyoming | Trulease | |
|---|---|---|
| LLC Formation | Yes | No |
| Fintech Banks (Wise, Mercury, etc.) | Yes | No |
| Traditional Banks | Yes | Yes |
| Amazon Seller Account | Yes | Yes |
| Shopify | Yes | Yes |
| E-Commerce Store | Yes | Yes |
| Payment Processors | Yes | Yes |
| Dun & Bradstreet Number (DUNS) | Yes | Yes |
| Personal Bank Account | No | No |
| Google Business Profile | No | No |
Do They Provide a Lease Agreement?
A lease agreement is a proof of address document accepted by most banks and platforms. The lease agreement should be in your business’s name and appear just like a traditional office lease.
Start in Wyoming
Start in Wyoming provides a lease agreement in your business’s name within one business day. The contract is for a minimum of 12 months, which is necessary to be compliant with most financial institutions.
The office you are leasing is a real street address in Wyoming owned by Start in Wyoming CEO Alex, who’s also a Wyoming attorney. You will be provided a unique suite number exclusive to your business. The lease is worded exactly the same as a physical office lease.
It also comes with a money-back guarantee. If you’re unable to verify your account during sign-up, your first month will be refunded, and the agreement will be canceled.
TruLease
Trulease provides a lease agreement in your business’s name in one to two business days. The contract is for a minimum of 12 months and requires a $1,000 deposit for companies less than one year old.
The lease agreement will be between you and the office owner, with VPM Trulease being the middleman. You will receive an address that is unique to your business.
It also comes with a money-back guarantee. If you’re unable to verify your account during sign-up, your first month will be refunded, and the agreement will be canceled.
What About Opening or Verifying a Bank Account?
Banks require business owners to provide an EIN, Articles of Organization, and a U.S. business address to open a business bank account.
The address must be able to provide proof of address documents, including your business’s name. Each bank has slightly different requirements, but typically, the easiest document to provide is a lease agreement.
Start in Wyoming
Start in Wyoming’s customers have successfully opened bank accounts with Wise, Mercury, Revolut, and many other fintech banks. It would also be suitable to open a traditional brick-and-mortar bank account.
TruLease
TruLease does not allow its customers to open accounts at fintech banks. This can be a problem for non-U.S. residents, as most traditional banks require non-residents to attend an in-person meeting.
How Does the Utility Bill Work?
A utility bill from a trusted utility service provider is considered a high-quality form of proof of address. It’s also needed to open an Amazon Seller Account for Amazon FBA. The utility bill should show your business’s name and address.
Start in Wyoming
When you have your address from Start in Wyoming, you can arrange an installation date with an Internet Service Provider at the address. This will provide a utility bill in your business’s name.
The Start in Wyoming team will advise you on the best service provider and be at the office to handle the installation. The first available installation date might take a few days, depending on how busy they are, and your utility bill will be provided shortly after.
The cost is typically around $40 a month, paid directly to the Internet Service Provider, and is a month-to-month contract.
TruLease
The TruLease team will also be able to help you set up a custom utility bill in your business’s name. They advise it can cost $80-$110 per month for an internet utility bill and take one to two weeks to install. Some of the contracts are month-to-month, while others are annual.
Can I Use the Address to Form an LLC?
Forming an LLC with a genuine, high-quality address is a smart move. This makes everything easier and gives your business the best possible start.
Start in Wyoming
Customers of Start in Wyoming’s office can use their new address to form an LLC. They also have an LLC formation service for those who want to form their LLC with an attorney.
TruLease
VPM Trulease requires you to already have a business to purchase an address, so it won’t be suitable for starting a company.
How Does the Mail Management Work?
Business owners will want to be able to receive mail at their address and receive it virtually wherever they are in the world. This is a process known as mail scanning.
However, you don’t want to use an address that is labelled as a commercial mail receiving agency (CMRA), as these are normally blocked from opening a bank account. Neither of these services uses CMRA addresses.
Start in Wyoming
Start in Wyoming will scan any important mail related to your business, such as letters from the bank and the IRS. They won’t scan every piece of junk mail or marketing mail that arrives.
The mail will be scanned as it arrives during standard business hours, Monday through Friday, 9 AM to 5 PM, Wyoming time.
TruLease
TruLease will scan up to 150 pieces of mail, and more can be purchased. They process this weekly.
High Quality Office Services
Both services offer documents that meet high verification standards, and both can be used to support a business. But not every business address provider is built the same way.
Start in Wyoming is a Trulease alternative that gives you all the same functionality and more. Plus, you get direct access to the property owner, an attorney who’s handled setups just like yours.
There’s no middle layer of customer support. No forwarding between service providers. Just one office, one lease, and one name in your phone when you need help. If you’re setting up a serious business, that kind of contact matters.
Click here to check out Start in Wyoming’s virtual office service.
